Renovated Day Care
New
For Sale
Contact for pricing
1230 CORPORATE BLVD, Reno, NV 89502
NC-zoned property supports commercial and office uses with exterior and monument signage.
Property Size5,040 SF
Price / SF$353.57
Days on Market5
Property Features for 1230 CORPORATE BLVD
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Retail, Office
Zoning
NC
Amenities
Exterior and Monument Signage
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
1
Listing Agency:
Stark Accelerators Commercial Real Estate
(775) 825-4400
Listed By:
Ken Stark · License #NV B.35722.CORP
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stark Accelerators Commercial Real Estate
Investment Insights
Based on property information with market context.
Identified as a day care center, this property was constructed in 1986 and has since been recently renovated. Exterior and monument signage are in place, providing established identification for occupants and visitors.
The property is situated on Corporate Blvd. in Reno’s Airport Submarket, south of Equity Avenue. Access is available to South McCarran Blvd. and the airport. NC zoning permits commercial and office uses, with specifically listed potential for day care, adult education, and religious assembly.
The property is situated on Corporate Blvd. in Reno’s Airport Submarket, south of Equity Avenue. Access is available to South McCarran Blvd. and the airport. NC zoning permits commercial and office uses, with specifically listed potential for day care, adult education, and religious assembly.
Key Highlights
- NC zoning permits commercial and office uses
- Day care, adult education, and religious assembly are specifically allowed
- Built in 1986 and recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,094
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,781,880
$1.8M
Cap Rate 7%
$1,272,771
$1.3M
Cap Rate 9%
$989,933
$989.9K
Market Conditions
NOI Build-Up for 5,040 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$145.8K $28.92/SF
− Vacancy
−$27.0K −$5.35/SF
EGI
$118.8K $23.57/SF
− OpEx
−$29.7K −$5.89/SF
NOI
$89.1K $17.68/SF
Area
Reno, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,781,880
Cap Rate 7%
$1,272,771
Cap Rate 9%
$989,933
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,094 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$911.1K
$797.2K – $1.06M
NOI $63,777 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,729 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TEACH Early Childhood Nevada — 240 S Rock Blvd Diesel Classroom, Reno, NV 89502
- One World Children's Academy — 1230 Corporate Blvd, Reno, NV 89502
- Nevada Child Seekers — 1090 S Rock Blvd, Reno, NV 89502
Frequently Asked Questions
What type of property is this?
Day care center - NC-zoned property supports commercial and office uses with exterior and monument signage.
Where is this day care center located?
The property is located at 1230 CORPORATE BLVD Reno, NV.
What is the asking price?
The asking price for this property is $1,782,000.
What are key features of this property?
This property features: NC zoning permits commercial and office uses; Day care, adult education, and religious assembly are specifically allowed; Built in 1986 and recently renovated
